This report covers major IoT device management solutions, such as data management, real-time streaming analytics, security solution, remote monitoring, and network bandwidth management, along with the market trends between 2017 and 2022. The growing proliferation of connected devices and advent of intelligent sensors are driving the growth of the global IoT Device Management Market. The critical need for converged device management platform is also a major driving factor for IoT Device Management Market.

Data management is expected to hold the largest market share in theIoT Device Management Market

Data management is one of the most essential requirements of an organization that is deploying IoT technology. The connected devices, such as sensors, tags, and actuators, generate and transmit large amounts of data every day. The traditional data management techniques are inadequate to store, analyze, and retrieve this data. Thus, data management for IoT is gaining a huge traction and is expected to hold the largest market share during the forecast period.

Smart manufacturing is expected to dominate in the application areas during the forecast period

IoT plays a key role in the manufacturing application with the help of identification technologies. With the connection of objects or things with Information Technology (IT) or IoT, either through embedded smart devices or by using unique detectors and data carriers that can communicate with an intelligent supporting network infrastructure and information systems, production processes can be optimized and the entire lifecycle of objects from production to dumping can be monitored. By tagging items and containers, a greater transparency can be obtained on the status of the shop floor, the location and disposition of materials, and the status of production machines.

North America is expected to hold the largest market share in theIoT Device Management Market

As per the geographic analysis, North America is the largest region in the IoT Device Management Market. Countries, such as the US and Canada are the major growth drivers of the region. The strong financial position of North America allows these countries to invest heavily in leading IoT-enabled devices and solutions/services.

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